SandRidge Energy Given New $8.00 Price Target at SunTrust (SD)

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SandRidge Energy (NYSE: SD) had its target price trimmed by SunTrust from $9.50 to $8.00 in a report issued on Tuesday, StockRatingsNetwork reports.

SandRidge Energy (NYSE: SD) traded up 1.18% on Tuesday, hitting $4.725. SandRidge Energy has a 52-week low of $4.52 and a 52-week high of $7.80. The stock’s 50-day moving average is currently $5.1. The company’s market cap is $2.258 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna cut their price target on shares of SandRidge Energy from $10.00 to $9.00 in a research note to investors on Wednesday, May 22nd. They now have a positive rating on the stock. Analysts at Wunderlich cut their price target on shares of SandRidge Energy from $19.00 to $16.00 in a research note to investors on Monday, April 29th. They now have a hold rating on the stock.

Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. SandRidge Energy has an average rating of Hold and an average target price of $6.61.

SandRidge Energy, Inc. (NYSE: SD) is an independent oil and natural gas company.

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